Review Shows Caution
On Singapore's Economy

By

Kevin Lim and

Saeed Azhar

Updated June 5, 2006 12:01 a.m. ET

SINGAPORE -- Singapore companies and households haven't been affected by recent increases in interest rates, but further increases may hurt industries like construction, the Monetary Authority of Singapore said.

The recent rise in Singapore interest rates has been measured and in tandem with steadily rising levels of economic activity and income,...